Bankruptcy isn’t a situation most people want to find themselves in, but sometimes it’s the first step to getting their lives back in order. If you’ve found yourself in a situation where you are facing a personal bankruptcy, you aren’t alone: around one in 70 households in the United States experiences a bankruptcy, or over one million each year, and approximately 62% of all of those bankruptcies can be traced to debt from illness or medical bills. In short, it’s a lot more common than you might think, so having an experienced and knowledgeable bankruptcy attorney is key in getting back on track.

Many people don’t see filing for Chapter 7 bankruptcy as a feasible option for escaping the pressures of being in debt. However, it could be the only way for you to get a fresh start with your finances. There are a number of key indicators that mean it’s time to file for a Chapter 7 bankruptcy.

Here are the three main signs that you might need to file for Chapter 7 bankruptcy:

1. You’re living off of credit cards: When your debt increases, rather than decreases, each month, it’s a sign that you don’t have the means to get out of debt on your own. This is a serious financial issue, and shouldn’t be taken lightly or ignored — you should seek a Chapter 7 bankruptcy attorney as soon as possible.

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